Case Law Details
Case Name : State Bank of India Vs Gourishankar Poddar (NCLAT Delhi)
Appeal Number : Company Appeal (AT) (Ins.) No. 689 of 2024
Date of Judgement/Order : 06/01/2025
Related Assessment Year :
Courts :
NCLAT
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State Bank of India Vs Gourishankar Poddar (NCLAT Delhi)
NCLAT Delhi held that unilateral revocation of guarantee by the guarantor does not absolve him from his obligations under the guarantee agreement as the Financial Creditor has not agreed to such revocation.
Facts- In 1999, Raj Rayon Industries Limited- the
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